Reconciling bank accounts

Its always good to reconcile with Quick Books.…That means make sure your physical bank statements…match up with what's going on in quick books.…You can do that by clicking on the Reconcile…link in the banking area of the home screen.…And the first thing you need to decide…is which account you are going to actually reconcile.…Now I only have the one Checking Account so I'm going to choose that one.…We need to enter in the statement date that your bank set…you in the mail.…Now we already knew what the beginning balance was from that statement and…normally quick books will take it from the last time you did a reconciliation.…

But, you need to get this ending balance from what your…bank statement says is the ending balance for that statement period.…In this case, it's $1644.49. You can also put in…here whether there's any service charges that your bank has assessed.…Maybe a fee for having a checking account, and also…any interest that you might have earned in that statement period.…You can put them here, too.…

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Released

10/30/2013

You don't need to be an accountant to know how to use QuickBooks. Learn how to manage the finances for your small business yourself with the Mac version of this powerful accounting package. Jess Stratton shows how to create a new company file and back it up on a regular basis, and then set up accounts, taxes, and inventory items. Once your accounts are established, learn how to create estimates and purchase orders, send invoices, receive payments, and print checks—all of the day-to-day tasks that keep your business running. Finally, learn to integrate with online banking, find data and run reports, and close the books with end-of-year preparations.